Catalyst: a substance that speeds up a chemical reaction and is not changed by the reaction
Enzymes: proteins that function as biological catalysts
Enzymes lower the amount of energy needed for reaction to take place
Lock and key theory
Substrate: the molecule(s) before they are made to react
Product: the molecule(s) that are made in a reaction
Catabolic reaction: molecules are broken down
Anabolic reaction: molecules are combined
Enzymes have an optimum temperature: the temperature at which they work best giving the fastest reaction ≈ 37 °C in animals
When temperature increases, molecules move faster so collide with an enzyme in less time
Having more energy makes enzymes more likely to bind to active site.
If temperature is too high, enzyme molecules vibrate too vigorously and enzyme is denatured; it loses its shape and will no longer bind with a substrate.
When the temperature is too low there is not enough kinetic energy for the enzyme reaction so it reacts too slowly.
Some enzymes work best in an acid and others in an alkaline
Enzymes work best at their optimum pH
If the pH is changed then the enzyme will denature and will no longer fit with substrate- no reaction takes place
Effect of temperature on enzyme activity
Effect of pH on enzyme activity
Enzymes lower the activation energy needed for reaction to take place
Why must corporate objectives be relevant?
They should align with overall business strategy
What do financial objectives focus on?
Profit and growth
If a company aims to increase revenue by 20%, what might it invest in?
Marketing campaigns and sales teams
Who are considered stakeholders in a business?
Individuals or groups with business interest
How can businesses align their corporate objectives with stakeholder expectations?
By understanding and balancing all key interests
What are considered internal limitations in a SWOT analysis?
Weaknesses
What are the expectations of suppliers in a business relationship?
Reliable partnerships and prompt payments
What does "SWOT" stand for?
Strengths, Weaknesses, Opportunities, Threats
What is the purpose of a SWOT analysis?
To analyze a business's position
How do the "strengths" and "weaknesses" components of a SWOT analysis differ?
Strengths are internal positive factors, while weaknesses are internal negative factors
What are external challenges in a SWOT analysis?
Threats
What do customers expect from a business?
High-quality products/services at reasonable prices
What are ethical considerations in business?
Aspects ensuring fairness and integrity
What do investors expect from a business?
Profits and return on investment
What are the expectations of employees in a business?
Fair wages, career opportunities, and a positive work environment
How does combining SWOT analysis with stakeholder expectations benefit businesses?
Sets objectives that maximize strengths
Addresses weaknesses
Seizes opportunities
Mitigates threats
What are the key questions asked when identifying weaknesses in a SWOT analysis?
What abilities are we lacking? Where are we starting to struggle? How can we overcome these?